If Output Is Below the Natural Rate Then Price Level

question 71

Multiple Choice

If output is below the natural rate then price level will _____, causing the _____ curve to shift right.

• A) rise, IS
• B) rise, LM
• C) fall, IS
• D) fall, LM

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Definitions:

Gasping

A sudden, short intake of breath, typically as a result of surprise, shock, or needing oxygen.

Elevator

A platform or compartment for raising and lowering people or goods between floors within a building.

Dyslexia

a learning disorder characterized by difficulties in reading due to problems identifying speech sounds and learning how they relate to letters and words.

Left Temporoparietal Cortex

The left side region of the brain that encompasses both the temporal and parietal lobes, involved in language processing and spatial navigation.